The TD Sky is Falling - The Sky is Falling!Let's see, we're talking about what, $683 million in money laundering and a TD market cap of $135 Billion CAD. Yeah TD is done...probably going bankrupt...give it a rest already doomsdayers.
US regulators will do their investigation, impose a fine, the CEO will resign and be replaced and life goes on. Of course the Hedge Funds and Short Sellers will do their very best to to convince you 'The Shy is Falling' and try to drive the share price down as low as they can. And their paid plants on these boards pushing the negative narratives to support their short positions will be working overtime to get your cheap shares. How many TD shareholders using a margin account or had stop losses set on TD got wiped out this morning?
I bought shares this morning because before this thing is going to $71 it'll be back at $79. The technicals are showing TD is bottoming here but if by some chance TD makes in down to $71, well then I'll just have to buy some more.
I don't buy on margin and I don't use stop losses, because the Wall Street and Bay Street crooks have access to this information and will use it to their advantage on days like today!
My opinion only, please DYODD.
HB77